RealNetworks has released a new version of its RealPlayer SP for Windows (a Mac update is scheduled for later this year), that comes with some basic video editing features. Users are now able to trim a video and save only a selected part on their hard drive.

In addition, video clips can be shared via Twitter, Facebook, Myspace and YouTube.
Various conversion options, including the ability to convert into MP3, make it easier to save clips on a number of mobile devices.

After testing it, you realize that the player does a good job when downoloading clips from various web sites, including YouTube, where it grabs the Flash video file (meanwhile Miro makes it possible to save MP4 videos from YouTube).

These saved videos can be trimmed with the basic video editor. It allows users to select start and end points and save these clips on their hard drives. For now, there's no option to combine multiple snippets into a new clip.